Precious Metals

Precious Metals Meaning:
In commodity market terminology, Precious Metals refer to metallic substances that have a high intrinsic economic value. Such metals are generally rare and besides serving as storage of wealth for nations and individuals, they are also used in various industrial applications.

Precious Metals Example:
Precious metals include: Gold, Silver, Palladium and Platinum. They are traded on many of the world’s largest commodity exchanges such as the New York Mercantile Exchange, the London Metals Exchange and the Chicago Mercantile and Board of Trade.